TORTOISE ENERGY CAPITAL CORP 4
4 · TORTOISE ENERGY CAPITAL CORP · Filed Dec 19, 2014
Insider Transaction Report
Form 4
BERNEY RAND C
Director
Transactions
- Other
Common Shares
2014-06-23−153→ 0 total
Footnotes (1)
- [F1]Disposed of pursuant to an agreement and plan of merger between Tortoise Energy Capital Corporation ("TYY") and Tortoise Energy Infrastructure Corporation ("TYG") in exchange for 114 common shares of TYG and cash in lieu of fractional shares of TYG. The exchange rate was based on each company's relative net asset value ("NAV") per share as of June 20, 2014, the business day immediately preceding the closing of the merger, which was $50.95 for TYG and $38.19 for TYY. On June 20, 2014, the closing price of TYY common shares was $36.22 and the closing price of TYG common shares was $48.46.